Business
Dispute Mediation
Business
disputes may arise from commercial transactions between the parties
or from their independent or competitive business activities. A crucial
characteristic of these disputes is their potential to disrupt or destroy
the businesses involved. Timely and appropriate resolutions are often
particularly important goals which may be achieved through mediation.
Leading business corporations recognize the advantages of mediation
over litigation. One survey found only 20% of business executives satisfied
with the litigation process and 25% satisfied with the results. Only
32% of inside counsel were satisfied with the process, and 58% with
the result.1 More than 90% of both groups said less than
half of all lawsuits involving a business are resolved at an appropriate
cost, and more than 75% said less than half are resolved within an appropriate
time.2 In a survey of the top-rank counsel of the 1000 largest
U.S. based corporations, 81% of respondents said mediation provides
"a more satisfactory process" than litigation, 66% said mediation
provides more "satisfactory settlements" and 59% said mediation
"preserves good relationships." 3
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